Portfolio Companies8,9
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
720 East CLO V Ltd (720 East CLO V, Ltd.) | Structured Finance | Structured Finance investments | SF + 6.30% | $4,000 | 4,000 | 4,012 | 0.03% |
AMMC CLO 21 LTD (American Money Management Corp) | Structured Finance | Structured Finance investments | SF + 6.76% | $4,126 | 3,710 | 4,118 | 0.03% |
ARES CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.70% | $5,000 | 5,000 | 5,032 | 0.04% |
Bain Capital Credit CLO 2024-3 Ltd (Bain Capital Credit CLO, Limit) | Structured Finance | Structured Finance investments | SF + 6.25% | $2,000 | 2,000 | 2,008 | 0.02% |
Barings CLO Ltd 2024-IV (Babson CLO Ltd) | Structured Finance | Structured Finance investments | SF + 5.95% | $4,500 | 4,500 | 4,500 | 0.04% |
Carlyle Global Market Strategies (Carlyle US CLO 2021-7, Ltd.) | Structured Finance | Structured Finance investments | SF + 5.66% | $1,200 | 963 | 1,161 | 0.01% |
Catskill Park CLO, LTD. | Structured Finance | Structured Finance investments | SF + 6.26% | $1,350 | 1,245 | 1,357 | 0.01% |
Dryden 108 CLO Ltd (Dryden Senior Loan Fund) | Structured Finance | Structured Finance investments | $2,900 | 2,291 | 2,197 | 0.02% | |
Marble Point CLO XI Ltd | Structured Finance | Structured Finance investments | SF + 3.06% | $1,850 | 1,595 | 1,827 | 0.01% |
Monroe Capital MML CLO XIV LLC (Monroe Capital MML CLO) | Structured Finance | Structured Finance investments | SF + 10.02% | $2,500 | 2,351 | 2,500 | 0.02% |
OCP CLO 2017-14 Ltd | Structured Finance | Structured Finance investments | SF + 6.80% | $1,469 | 1,302 | 1,474 | 0.01% |
Oaktree CLO 2019-4 Ltd | Structured Finance | Structured Finance investments | SF + 6.59% | $3,000 | 2,970 | 2,999 | 0.02% |
Octagon 52 Ltd (Octagon Investment Partners 52) | Structured Finance | Structured Finance investments | SF + 7.33% | $5,000 | 4,951 | 4,994 | 0.04% |
Octagon 63 Ltd | Structured Finance | Structured Finance investments | SF + 6.50% | $3,000 | 3,000 | 3,014 | 0.02% |
Octagon Investment Partners 29 Ltd (Octagon Investment Partners 29) | Structured Finance | Structured Finance investments | SF + 7.17% | $3,000 | 2,985 | 2,996 | 0.02% |
Onex Clo Subsidiary 2024-3 Ltd (OCP CLO 2024-33 Ltd) | Structured Finance | Structured Finance investments | SF + 6.00% | $5,000 | 5,000 | 5,005 | 0.04% |
Rad CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.51% | $2,500 | 2,504 | 2,496 | 0.02% |
Shackleton 2019-XV CLO Ltd (Shackleton CLO LTD) | Structured Finance | Structured Finance investments | SF + 6.92% | $3,000 | 2,677 | 3,014 | 0.02% |
Voya CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.00% | $4,000 | 4,000 | 4,000 | 0.03% |
Voya CLO Ltd | Structured Finance | Structured Finance investments | SF + 3.81% | $1,500 | 1,352 | 1,507 | 0.01% |
Perforce Software Inc | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 4.50% | $19,600 | 19,372 | 19,600 | 0.16% |
Ping Identity Holding Corp. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.00% | $65,072 | 57,773 | 59,299 | 0.47% |
Prism Parent Co., Inc. (Unison Software) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.00% | $53,408 | 41,810 | 42,575 | 0.34% |
Project Alpha Intermediate Holding, Inc. (Qlik Technologies Inc) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.75% | $17,648 | 17,384 | 17,759 | 0.14% |
Project Ruby Ultimate Parent Corp (Wellsky) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $12,195 | 12,090 | 12,218 | 0.10% |
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Footnotes
- Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts and less any annual amortization of premiums, as applicable, on accruing (i) debt and (ii) other income producing securities, divided by (b) total accruing (i) debt and (ii) other income producing securities (at fair value). Actual yields earned over the life of each investment could differ materially from the yields presented above. Please refer to HLEND’s prospectus and filings, including Form 10-Q or Form 10-K for fair value disclosures.
- Private Investments represents level 3 investments in the investment portfolio where inputs to the valuation methodology are unobservable and significant to overall fair value measurement. Private investments includes investments in joint ventures.
- Based on the aggregate fair value of the investment portfolio as of August 31, 2024.
- Percentage based on aggregate fair value of accruing debt.
- Calculated with respect to all level 3 investments (or, with respect to weighted average loan to value, all level 3 debt investments) in the investment portfolio for which fair value is determined by the Investment Adviser (in its capacity as the investment adviser of HLEND, with assistance, at least quarterly, from a third-party valuation firm, and overseen by HLEND’s Board of Trustees), and excludes quoted assets and investments in joint ventures. In the case of weighted average EBITDA only, excludes investments with no reported EBITDA or where EBITDA, in the Investment Adviser’s judgement made in its discretion, was not a material component of the original investment thesis, such as loan-to-value-based loans, NAV-based loans or reorganized equity. Weighted average EBITDA is weighted based on the fair value of the total applicable level 3 investments. Loan to value is calculated as net debt through each respective investment tranche in which HLEND holds an investment divided by enterprise value or value of underlying collateral of the portfolio company. Weighted average loan to value is weighted based on the fair value of the total applicable level 3 debt investments. Excludes investments on non-accrual status as of August 31, 2024. Figures are derived from the most recent financial statements from portfolio companies.
- Secured debt at the holding company level.
- Other includes structured finance investments.
- Based on FTSE / DJ Industry Classification Benchmark (“ICB”) sector definition. Totals may not sum due to rounding.
- All figures are as of August 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments. Totals may not sum due to rounding.